- Mercantilism in The American Colonies
The American Colonies were a significant part of the English Mercantile System for two main reasons: 1. They produced raw materials from natural resources. 2. They provided a … See more
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- Mercantilism in the American colonies12345:
- Refers to the idea that colonies existed for the benefit of the Mother Country (Britain).
- Led to policies that contributed to unrest, the American Revolution, and the Revolutionary War.
- Involved restrictions on colonial production, trade, and taxation.
- Fostered the development of the slave trade in many colonies.
Learn more:✕This summary was generated using AI based on multiple online sources. To view the original source information, use the "Learn more" links.In the context of the European colonization of North America, mercantilism refers to the idea that colonies existed for the benefit of the Mother Country. In other words, the British saw the American colonists as tenants who 'paid rent' by providing materials for Britain to use.www.thoughtco.com/what-is-mercantilism-104590Mercantilism — or the Mercantile System — was an economic theory that England followed that led to the implementation of policies that contributed to the unrest in the American Colonies, the American Revolution, and the American Revolutionary War. This illustration shows the Port of Boston in Colonial America.www.americanhistorycentral.com/entries/mercantili…During Great Britain's mercantilist period, colonies faced periods of inflation and excessive taxation, which caused great distress. Angry and frustrated American colonists revolted against the British, which led to the American Revolution and the end of mercantilism.www.investopedia.com/ask/answers/041615/how-d…The British put restrictions on how their colonies spent their money so that they could control their economies. They put limits on what goods the colonies could produce, whose ships they could use, and most importantly, with whom they could trade. The British even put taxes called duties on imported goods to discourage this practice.www.ushistory.org/declaration/lessonplan/mercantil…Here are several examples:
- Controlled production and trade: Mercantilism led to the adoption of far-reaching trade restrictions, which stunted the growth and freedom of colonial businesses.
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